Buyer Seeks Rescission for Undisclosed Property Servitude Noted in Public Record
Synthèse Legislator
Généré par l'IAA party who had contracted to purchase real property subsequently sought to invalidate the sale, claiming they had not been informed of a servitude burdening the property, which the seller knew about and failed to disclose, but the court held that since the servitude was a matter of public record discoverable through standard title checks, the seller had no affirmative duty to disclose it to the buyer, leading to the dismissal of the claim for rescission based on concealed defect.
Regeste Legislator
Généré par l'IABuyer Seeks Rescission for Undisclosed Property Servitude Noted in Public Record: A party who had contracted to purchase real property subsequently sought to invalidate the sale, claiming they had not been informed of a servitude burdening the property, which the seller knew about and failed to disclose, but the court held that since the servitude was a matter of public record discoverable through standard title checks, the seller had no affirmative duty to disclose it to the buyer, leading to the dismissal of the claim for rescission based on concealed defect.